Impact of Hiring Policies on American Workers
Hiring of Americans surged in February as more migrants left the workforce once President Trump ended Bidenomics policy. Job gains for native-born Americans exceeded gains for foreign-born workers for the first time in 15 months. Trump's data was released in the Bureau of Labor Statistics' monthly job and wage report.
Key Points
- Job gains for native-born Americans exceeded gains for foreign-born workers after Trump ended Bidenomics policy
- Labor force participation rate for US-born men without a bachelor's degree remains below pre-2019 levels
- Americans lost earning power, investment, and political power due to influx of migrants
Pros
- Increase in employment opportunities for native-born Americans
- Shift of jobs from migrants to Americans
Cons
- Potential for illusion of employment gains due to enforcement regime
- Historic low labor force participation rate for US-born men without a bachelor's degree